ASB Investment Management is the equity and fixed income management division of ASB Capital Management. Offices are in Washington, D.C. and Chicago. With $6.3 billion under management as of January 2011, ASB Investment Management has a long record of managing equity and fixed income.
ASB’s new Covestor model, Large Cap Core Equity, was launched in February 2011. Its managers aim to outperform the S&P 500 with less risk. The model invests in a well-diversified portfolio of high quality, industry-leading large capitalization domestic stocks with excellent or improving fundamentals relative to their given sector and the S&P 500 Index.
Some recent trades: ASB sold Adobe Systems (ADBE) on March 21, bought Visa (V) on March 15, and sold Oracle (ORCL) on March 8.
Current top holdings in the model are Exxon Mobil (XOM), Microsoft (MSFT), Intel (INTL) and Chevron (CVX).
ASBIM takes a dual top-down and bottom-up approach:
Our strategy is to identify companies that are market leaders within each sector through a multi-factor process. We evaluate the general economic environment and its effect on each industry and the markets (top-down analysis). We assess how each management team is positioned to take advantage of present conditions and how they are poised to benefit from our forecasts (bottom-up analysis). We evaluate sectors of the market and how each performs relative to its position in the business cycle. We then select individual names within each sector after considering their historical valuation ranges and growth prospects.
If you’re looking for a core U.S. equity fund, take a closer look at this Covestor model.
